The election of Javier Milei has caused a stir on Wall Street, with the international financial market focusing on the urgent need for reforms and the leader’s margin of action to carry them out. Although Milei’s first speech as president-elect was characterized by unexpected moderation and an avoidance of his two battlehorses during the campaign, such as dollarization and the closure of the Central Bank, his plan is considered “bold” and could threaten financial stability.
Jaime Reusche, Vice President – Senior Credit Officer de Moody’s Investors Service, highlighted the consensus necessary to carry out the proposed reforms and governance challenges that may hinder their implementation. Meanwhile, in investment banking JP Morgan has placed its magnifying glass on the risks of implementing the measures announced by Javier Milei during the campaign.
According to a report signed by economists Diego Pereira, Lucila Barbeito and Gorka Lalaguna, JP Morgan warned that governance risks loom given